Thank you DanaB for quick response. I am following these steps but it is still showing line 1 as 14,000. My 1099-R box 1 2 both has 14000.00, Box 2b is checked (Taxable amount Not determined), Dist code 7 and IRA/SEP/SIMPL box is checked.
After entering 1099-R, next screen asks "What did you do with money from <company-name>?
I selected - "I moved money to another retirement acct", then under "Choose which of the following applies" two options:
1) I rolled-over all of this money to another traditional IRA or Other retirement Acct
2) I did a combination of rolling over, converting or cashing out
I selected Option 2 ( I did a combination of rolling over, converting or cashing out)
Then it asks, tell us how of 14,000.00 you moved and IRA, 401K or other retirement acct
I entered "Amount Converted to Roth IRA Acct 14,000.00
Please let me know what I am doing wrong here?
